In an interview, Roth said selling the meme was a way for her to take control over a situation that she has felt powerless over since she was in elementary school.
While browsing through the Instagram handles of galleries and museums publicising online viewing rooms and socially distanced preview evenings, Mrs Q stopped at this wordy headline: A non-fungible token by American artist Beeple sold for $69 million at Christie’s — the most expensive ever sold at an auction.
NFT stands for non-fungible token, an authentication certificate meant to ensure that ownership of a digital work — animations, videos, photos or music, for example — cannot be forged or otherwise manipulated.
I envisioned Sophia as a creative artwork herself, that could generate art, said David Hanson, CEO of Hong Kong-based Hanson Robotics and the robot's creator.
Artist Beeple on selling NFT collage for a record $70M: 'People are trying to look for some scam; I don't see it'
Beeple, whose real name is Mike Winkelmann, spoke with AP about his auction result, NFTs and how the crypto art boom is affecting him and other artists who haven’t previously had a way to guarantee exclusive ownership of digital works, which by their nature can normally be freely copied.
Decoding the allure of crypto art: Manufactured scarcity, the social construct of value drive demand for NFTs
Some crypto artists, who have felt excluded by the mainstream art world, say they have found more support in the crypto community and can now earn a living making art.
One purpose of NFTs is that they can be used to trace an object’s digital provenance, allowing a select few to prove ownership.
Christie’s did not identify the buyer of the artwork, which consists of 5,000 individual digital pictures stitched together that Beeple created — one each day — since May 2007.
Beeple is selling these works as NFTs — nonfungible tokens — digital collectibles that use blockchain technology as authentication.